ARBK - Argo Blockchain posts a 11% sequential drop in bitcoins mined in July
2023-08-04 05:50:52 ET
- Cryptocurrency miner Argo Blockchain ( NASDAQ: ARBK ) said in July company mined 129 bitcoin or bitcoin equivalents or 4.2 BTC per day, a 11% drop from 4.6 BTC per day mined in the previous month.
- Mining revenue in July amounted to $3.87 million vs $3.84 million in June.
- Decrease in BTC mined driven primarily by greater downtime at Helios from weather-related curtailment and onsite construction.
- As of 31 July, company held 46 BTC.
- ARBK +4.5% after hours to $1.38
- Source: Press Release
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Argo Blockchain posts a 11% sequential drop in bitcoins mined in July